If you are a state employee, it is important to understand your benefits package to ensure that your income is adequately protected in the event that something should happen to you.

The State government does a very good job of compensating those who work for the State of RI. However, as with other employee benefit plans at some of the private sector businesses, the benefits available to employees may not adequately cover the family in time of need. That is why it is important to review the benefits packages and determine if there is a need for more coverage. Boston Mutual offers the following options for state, federal, municipal, and postal workers, available through payroll deduction:

Boston Mutual offers group and voluntary benefits, specifically for state, federal, municipal, and postal workers. Your review is FREE, no obligation. For a report on the financial strength of Boston Mutual, click here.

If you have questions, please contact me.

Sincerely,

Gail Cavanaugh

Gail Cavanaugh is the author of Retailer’s Guide to Merchant Services,available on Amazon and Barnes and Noble’s.

The Destiny Children’s choir will be visiting with us on July 20, 2015. At that time, they will give a workshop on choral singing and African drumming. They will then give a performance at night for the community. We expect 200 children to be attending the camp and 200 guest for the performance.

We would like your company to be a sponsor for our events and we would be grateful for your support.

We have three levels of sponsorship for a brochure design:

Level 1 advertising -$25.00 business card size ad – Your logo and business name will be prominently displayed on our brochure.

Here is an exerpt from a recent review of my book by Roy T. James, Readers Favorite Book Reviews.

Retailers Guide to Merchant Services.

“The Retailer’s Guide to Merchant Services: From Storefront to Internet by Gail Cavanaugh is a serious dissertation on a state of the art business model for money transactions by the user. From the need for card reading capability to attract clientele to the adoption of social media, nothing is left untouched by the author which can potentially enhance productivity.

When I need inspiration, I seek quiet places like the beach which has a very calming effect on me. I was studying this photo today as I was thinking about all the things I have to do. My mode of creation right now is through writing. I cannot write unless I have peace and quiet, however, I can create a painting in a noisy place. Go figure!

Perhaps one of the most sensitive issues in managing a life insurance policy is in choosing beneficiaries. If we have been responsible enough to buy life insurance, we must also be responsible enough to appoint the best person to collect the proceeds, use it wisely, and fulfill our wishes as to how the proceeds should be spent.

One of the benefits of life insurance proceeds is that they can be collected with having to be probated. The beneficiary simply notifies the life insurance company of the death of the policyholder, and the insurance company processes the claim. A check is then issued to the beneficiary within a few days to a few weeks, after the insurance company has determined that the beneficiary has a right of claim according to the terms of the insurance contract.

If the policy being considered is to pay the final expenses of a burial, a spouse should be named as the beneficiary, since, he or she will be the one to make the funeral arrangements. Usually one beneficiary is needed, but the policyholder can name a contingent beneficiary, if the beneficiary dies before the policyholder has a chance to name another, or if both the policyholder and the beneficiary were to die together in an accident. The policyholder can change the name of the beneficiaries as often as he/she feels necessary.

For larger policies which are being created to fund a trust or to give money to multiple members of the family, the policyholder can name more than one beneficiary along with the percentage of the proceeds to which each has been assigned. In this way, the proceeds can be collected without having to go to probate and the proceeds are tax free.

It is important to choose a beneficiary wisely as this is going to be the person who will carry out your wishes. If you decide to tell the person you have chosen to be a beneficiary, it would be wise to make it clear how the money will be spent. It is also wise to have a will which will detail your wishes for the settlement of your estate. Many people have disputed the settlement of estates and the decisions as outlined in a will.

If a policyholder does not have a next of kin or does not wish to name a beneficiary from the family, he/she can name his/her estate as the beneficiary. In this way, when the estate is settled, the probate judge will disperse the funds according to his own discretion. As it takes two or three years to settle an estate, or maybe longer, the family will have to wait for the probate judge to make a decision. This could interfere with the funeral arrangements if there exists no other insurance or proceeds to pay these expenses. This is why a life insurance is necessary for the payment of final expenses.

The probate laws for each state are different and it is important for all the involved parties to know how the laws are interpreted. If there are questions, a lawyer can help ensure that the family follows the laws of the state and the instructions outlined in the will.

Business owners need access to information about their businesses which will help them to make important decisions about their businesses. One of those decisions involves providing protection for the business against financial ruin.

Since we work hard for the business to provide an income for our families, we would need to be able to keep abreast of all the changes which could affect the business, as well as to learn more about maintaining a cash flow for the business.

In response to that need, I will be hosting Dollars fro Business radio show beginning on Wednesday, December 12, 2013 at 7:00 am on Blog Talk Radio. I will be discussing ways to manage the business owner’s risk to exposure to loss of cash flow for the business through insurance plans, such as life, health, and disability insurance.

If you are preparing to go to work or driving on the way to work, tune into the show for the latest discussions on asset protection for the business. Just click onto the above link and be ready with an open mind.